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20121003
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to curb out debt and deficit. but the president is ahead on who's better to get the economy back on track. steve liesman is here with the disconnect. >> we've been puzzling over this all day. i want to show you the results we have from our national survey of 800 americans. take a look on the economy. who would be better over the next four years. first of all, we asked people, are you better or worse with compared to the last four years? no question here. 55 to 27 definitively, things are worse. what about who's better over the next four years? obama beats romney by nine point. that's more than other surveys out there. caution here, weak survey. other surveys more interested in the political side. they survey registered and likely voters. how about jobs? six to two, worse on jobs. who's better? obama wins. the one place where romney wins is as maria said, on the next one, on the deficit. overwhelmingly, people think the deficit is worse than it was four years ago. they're right. they say romney, only within the margin of error, which is 3.5%, plus or minus on this poll. take a look at the
tomorrow. we know it's going to have a lot of deficits. >> what happened last week when the german high court made their decision in everyone thought, this is great. now the ecb can do what they need to do. everything's going to be good. that's not the way it is at all. >> i want to tell the ceo of i-cap is making it happen. they will ask for help, won't they? those conditions are being negotiated right now. >> at some point they have to. it's still that delay, that uncertainty. we've also had a very nice run here. we're over 20% above where we were a year ago. it's not natural to have these low pull backs from time to time. >> this 3% full back from 1475 to now is like a 3% pull back. not the end of the world, but certainly something the market needs to do in order to test the support. >> you told us in the last segment that your asset allocation broadly speaking is about 61% stocks, 39% bonds. the bonds scene is something of a safe haven play here. what about those who feel that the tremendous low yields we're seeing means we're in something of a bubble? artificial bubble, maybe, forc
're buying the entire deficit. >> do you think he's right? >> it's an important thing. you don't want to get into what we call the fiscal dominant regime where the fiscal authority or the congress and the president, they're borrowing a lot of money and the fed's role is to keep the interest rates low. that will end in tears. that is a bad policy. i'm fairly certain that none of my colleagues on the fomc are interested in going that direction. we're going to pursue monetary policy that is the right one for the nation, but it's not one that's trying to enable irresponsible fiscal policy. >> what are you hearing from business managers out there today? one of your colleagues said many times business managers are holding back from spending because of the uncertainty. they don't know what tax rates are going to be next year. do you agree with that? >> yeah, there's no question. my business contacts say the same thing here around the eighth district. the uncertainty around the future tax situation is serious. the uncertainty around the future of the u.s. economy is a serious damper on investment. i
Search Results 0 to 2 of about 3